Business events organiser and publisher UBM has sold its UK agriculture and medical general practitioner portfolios to a new business, Briefing Media Group, for a total of £10m.
The agriculture portfolio is made of the Farmers Guardian and Dairy Farmer titles (and associated online offerings) while the general practitioner portfolio includes the Pulse and Practical Commissioning magazines and their digital and event products NAPC, the Mental Health Forum, Pulse Seminars and Pulse Learning.
These assets generated a total of £12.1m in revenue in 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
UBM has also sold Daltons, a web-based marketplace for the sale and purchase of UK small and medium enterprises, to Innovare Media for an undisclosed sum.
"I am very pleased we have passed these successful UK magazine titles to a new management team who will provide the focused leadership and investment to ensure their continued success," said Chief Executive Officer David Levin.
"These transactions also mark a further significant step in the transformation of UBM into a set of Events and other B2B marketing, communications, and data services businesses serving attractive global communities across a variety of media," he said.
BC
-
-
Pension withdrawals on the rise, HMRC data reveals
Pension withdrawal data has led to some raising concerns over savers ‘raiding’ their pensions unsustainably.
-
ONS: UK economy recovered from pandemic faster than previously thought
Revisions from the ONS showed the UK economy has grown since the pandemic, while the latest data showed GDP grew in the second quarter of 2023.
